Home Counselors Inc

Analysis

Home Counselors Inc is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in January 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Home Counselors Inc reported income of $658k and spending of $1.0m, spending 157% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $658k (-79%), an average of -32% a year. The sharpest change came in the year to June 2023, when income dropped by 56%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Home Counselors Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within ME. Charities of a similar size with the same main cause include Macon Christian Academy ($658k), Parmly Lakeview Inc ($658k) and South Dakota Voices for Peace ($658k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 87% of the total. Other salaries and wages came to $625k. At year end it held assets of $428k against liabilities of $148k, net assets of $281k. It reported 34 employees.